Requirements 1. Enter the transactions in a sales journal (page 2), a cash receipts journal (page 5, omit Sales Discounts Forfeited column), a purchases joumal (page 7), a cash payments journal (page 6), and a general journal (page 4), as appropriate. 2. Total each column of the special journals. Show that total debits equal total credits in each special journal. Print Done Jan. 1 Jan. 2 Jan. 3 Jan. 7 Jan. 8 Jan. 10 Jan. 12 Purchased 10 T-shirts at $4 each and paid cash. Sold 6 T-shirts for $10 each, total cost of $24. Received cash. Purchased 50 T-shirts on account at $5 each. Terms 2/10, n/30. Paid the supplier for the T-shirts purchased on January 3, less discount Realized 4 T-shirts from the January 1 order were printed wrong and returned them for a cash refund. Sold 40 T-shirts on account for $10 each, total cost of $200. Terms 3/15, 1/45. Received payment for the T-shirts sold on account on January 10, less discount. Purchased 100 T-shirts on account at $4 each. Terms 4/15, n/30. Canyon Company called the supplier from the January 14 purchase and told them that some of the T-shirts were the wrong color. The supplier offered a $50 purchase allowance. Paid the supplier for the T-shirts purchased on January 14, less the allowance and discount Sold 60 T-shirts on account for $10 each, total cost of $220. Terms 2/20, n/30. Jan. 14 Jan. 18 Jan. 20 Jan. 21 Jan. 23 Jan. 25 Jan. 27 Jan. 29 Jan. 30 Jan. 31 Received a payment on account for the T-shirts sold on January 21, less discount. Purchased 320 T-shirts on account at $5 each. Terms 2/10, n/30, FOB shipping point Paid freight associated with the January 25 purchase, $48. Paid for the January 25 purchase, less discount Sold 275 T-shirts on account for $10 each, total cost of $1,300. Terms 2/10, 1/30. Received payment for the T-shirts sold on January 30, less discount Canyon Canoe Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Canyon Cance Company decided to carry and sell T-shirts with its logo printed on them. Canyon Cance Company uses the perpetual inventory system to account for the inventory. During January 2025, Canyon Canoe Company completed the following merchandising transactions: Begin with page 2 of the sales journal. Enter the transactions and total the journal. (Round all amounts to the nearest whole dollar. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Sales Journal Page 2 Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR Date No. Account Debited Ref. Sales Revenue CR Merchandise Inventory CR 2025 Jan. Jan 31 Totals Show how total debits equal total credits. Total debits Sales Journal Total credits Canyon Cance Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Next complete page 5 of the cash receipts journal, omitting the Sales Discounts Forfeited column. Enter the transactions and total the journal. (Round all amounts to the nearest whole dollar. If a box is not used in the table, leave the box empty; do not select a label or enter a zero. Abbreviations used: Rec. = Receivables, Rev. = Revenue, Accts = Accounts, Inv. = Inventory) Cash Receipts Journal Page 5 Post. Accounts Sales Other Cost of Goods Sold DR Date Account Credited Ref. Cash DR Rec. CR Rev. CR Accts CR Merchandise Inv. CR 2025 Jan Jan 31 Totals Show how total debits equal total credits. Total debits Cash receipts joumal Total credits Canyon Canoe Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Now complete page 7 of the purchases journal. Enter the transactions and total the journal. (If a box is not used in the table, leave the box empty, do not select a label or enter a zero. Do not enter a "O" for zero balances, Abbreviations used: Pay, = Payable, Inv. = Inventory, Supp. = Supplies) Purchases Journal Page 7 Other Accounts DR Vendor Account Post. Accounts Merchandise Office Date Credited Terms Ref. Pay. CR Inv. DR Supp. DR Title Ref. Amount 2025 Account Post. Jan Jan 31 Totals Show how total debits equal total credits. Total debits Purchases journal Total credits Next complete page 6 of the cash payments journal. Enter the transactions and total the journal. (Round all amounts to the nearest whole dollar. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Cash Payments Journal Page 6 Date Ck. Post. Other Accounts Merchandise 2025 No. Account Debited Ref. Accounts DR Payable DR Inventory CR Cash CR Jan. Jan. 31 Totals Show how total debits equal total credits Total debits Total credits Cash payments journal Finally complete the required entries to page 4 of the general journal. (Record debits first, then credits. Exclude explanations from any journal entries.) Jan. 18: Canyon Company called the supplier from the January 14 purchase and told them that some of the T-shirts were the wrong color. The supplier offered a $50 purchase allowance. General Journal Page 4 Date Accounts Debit Credit Jan. 18